Falling stock prices were the dominant development on the Jamaica Stock Exchange Main Market on Tuesday following an 88 percent rise in the volume of stocks traded valued 154 percent higher than on Monday, and resulted in 58 securities trading down from 61 on Monday and ended with prices of 17 rising, 28 declining and 13 ending unchanged.
A total of 11,957,180 shares were traded for $124,947,760, up from 6,352,026 units at $49,169,596 on Monday.
Trading averaged 206,158 units at $2,154,272 compared with 104,132 shares at $806,059 on Monday and month to date, an average of 130,026 units at $1,522,185 compared to 103,264 units at $1,299,997 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Jamaica Producers led trading with 3.73 million shares for 31.2 percent of total volume followed by Wigton Windfarm with 3.27 million units for 27.3 percent of the day’s trade, Sagicor Select Financial Fund with 1.57 million units for 13.1 percent of the market and Transjamaican Highway with 1.11 million units for 9.3 percent market share.
The All Jamaican Composite Index dropped 2,524.39 points to settle at 382,827.77, the JSE Main Index dived 1,994.02 points to 338,306.94 and the JSE Financial Index slipped 0.45 points to close at 81.27.
The PE Ratio a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments popped $7 in closing at $95 with 21,007 shares crossing the exchange, Berger Paints advanced $1.90 to $10 after a transfer of 174 stocks, Caribbean Cement shed $1.30 after ending at $58 with an exchange of 1,401 units. Eppley climbed $3.17 to close at $32.17 with investors transferring 20 stock units, Eppley Caribbean Property Fund advanced $3.14 to $44.89 in switching ownership of 1,592 stocks, First Rock Real Estate fell $1.70 to $12.50 in exchanging 6,003 units. GraceKennedy rallied $1.78 to $83.90 after trading 13,081 stock units, Guardian Holdings dropped $32.90 to end at $492.10 with the swapping of 1,719 shares, Jamaica Broilers dipped 70 cents to $26.90 with 8,518 shares changing hands. Jamaica Producers declined $3.24 in closing at $22 after trading 3,734,778 stock units, Jamaica Stock Exchange shed $1.44 to settle at $13.58 after exchanging 45,309 units, Kingston Properties lost 90 cents to end at $6.25 in switching ownership of 5,500 stocks, Margaritaville dipped $4.35 to $18.65 with an exchange of 1,348 shares, NCB Financial gained $1.89 after ending at $83.89 in transferring 10,519 stock units, PanJam Investment lost 40 cents to close at $57 with 2,275 stocks clearing the market. Portland JSX rose $1.39 to $10.49 in switching ownership of 18 units, Sagicor Group fell $1.99 to $51.01 in exchanging 4,766 stock units, Sagicor Real Estate Fund shed $1.16 to end at $6.54 with the swapping of 9,690 shares. Scotia Group rallied 50 cents to close at $34.05 trading 45,443 units, Seprod lost 56 cents in ending at $69.99 after 7,767 stocks passed through the market.
In the preference segment, Eppley 7.75% preference share lost 50 cents to settle at $20 in trading 698 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big surge in trading on JSE USD market
Trading picked on Monday on the Jamaica Stock Exchange US dollar market with a 1,450 percent surge in the volume of shares changing hands worth 2,398 percent more than on Friday, resulting from trading in 211,152 shares at US$25,901 compared to a mere 13,619 units at just US$1,037 on Friday, resulting in trading in 12 securities, compared to five on Friday with prices of six rising, three declining and three ending unchanged.
Trading averaged 17,596 units at US$2,158 compared with 2,724 shares at US$207 on Friday, with a month to date average of 31,135 shares at US$1,832 versus 42,739 units at US$1,552 on the previous trading day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index lost 0.90 points to end at 225.34.
The PE Ratio, a measure for computing appropriate stock values, averages 8.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and one with a lower offer.
At the close, Margaritaville ended at 14 US cents after finishing trading 13 shares, MPC Caribbean Clean Energy advanced 3 cents in ending at 58 US cents with the swapping of 90 stock units, Proven Investments dipped 0.03 of a cent to end at 18.5 US cents, with 108,676 stocks changing hands. Sterling Investments gained 0.01 of one cent in closing at 2.09 US cents as just 93 units passed through the market, Sygnus Credit Investments USD share popped 0.36 of one cent to close at 9.86 US cents in trading 58 stock units, Sygnus Real Estate Finance USD share rallied 1.7 cents in closing at 12.7 US cents with an exchange of just 20 units and Transjamaican Highway fell 0.06 of a cent to 0.9 of one US cent after 99,773 stocks were exchanged.
In the preference segment, Productive Business 9.25% preference share rose 10 cents to US$11.10 in switching ownership of 65 shares, Equityline Mortgage Investment preference share ended at US$1.67 after an exchange of one stock unit. JMMB Group 5.75% ended at US$1.50 after a transfer of one share, JMMB Group 5.75% shed 4 cents to close at US$1.95 with an exchange of 1,690 stocks and JMMB Group 6% popped 2 cents up to US$1.02, with 672 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market slips on Friday
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining 98 percent less valued 95 percent lower than on Thursday, resulting trading in five securities, compared to nine on Thursday with one rising, one declining and three ending unchanged.
A total of 13,619 shares were traded for US$1,037 down from 584,733 units at US$20,685 on Thursday.
Trading on Friday averaged 2,724 units at US$207, compared with 64,970 shares at US$2,298 on Thursday, with a month to date average of 42,739 shares at US$1,552. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index lost 3.54 points to end at 226.24.
The PE Ratio, a measure that is used to compute appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and none with a lower offer.
At the close of the market, First Rock Real Estate USD share remained at 7.5 US cents with 501 shares changing hands, Proven Investments suffered a markdown of 1.36 cents to close at 18.53 US cents with trading of 2,170 stocks, Sterling Investments ended at 2.08 US cents after trading 100 units and Transjamaican Highway popped 0.01 of a cent to 0.96 of one US cent after a transfer of 10,602 stock units.
In the preference segment, JMMB Group 5.5% remained at US$2 in switching ownership of 246 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly down on the JSE USD Market
Stocks mostly to close out trading on Thursday on the Jamaica Stock Exchange US dollar market, with a 30 percent decline in the volume of stocks exchanged, with 31 percent more value than on Wednesday, resulting in nine securities traded, compared to eight on Wednesday with one rising, five declining and three ending unchanged.
A total of 584,733 shares traded for US$20,685 compared to 834,596 units at US$15,756 on Wednesday.
Trading averaged 64,970 units at US$2,298, compared with 104,325 shares at US$1,969 on Wednesday. Trading in November averaged 33,913 units for US$3,363.
The JSE US Denominated Equities Index gained 1.73 points to end at 229.78.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share declined 0.44 of one cent to close at 7.5 US cents after exchanging 1,050 shares, Proven Investments fell 0.01 of a cent in closing at 19.89 US cents with 2,767 units crossing the market, Sygnus Credit Investments USD share dropped 0.36 of one cent ending at 9.5 US cents after trading 1,887 stocks. Sygnus Real Estate Finance USD share ended at 11 US cents after 2,702 stock units were traded and Transjamaican Highway dipped 0.03 of a cent to 0.95 of one US cent in switching ownership of 567,818 stocks.
In the preference segment, JMMB Group 5.5% advanced 10 cents to US$2 after a transfer of 1,500 shares. JMMB Group 5.75% remained at US$1.50 after trading of 4,990 stock units, JMMB Group 5.75% C share shed 1 cent ending at US$1.99 after exchanging 1,500 units and JMMB Group 6% ended at US$1, with 519 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks dominate JSE USD Market
The volume and value of stocks trading on the Jamaica Stock Exchange US dollar market dropped sharply on Wednesday, with the volume dropping 20 percent after 73 percent less funds passed through the market compared to Tuesday, resulting in eight securities changing hands, compared to six on Tuesday with prices of four rising, two declining and two ending unchanged.
Overall, 834,596 shares were traded for US$15,756 from 1,042,094 units at US$58,208 on Tuesday.
Trading averaged 104,325 units at US$1,969, versus 173,682 shares at US$9,701 on Tuesday, with the month to date average of 33,913 shares at US$3,363 against 30,414 units at US$3,432 on the previous day. October ended with an average of 40,972 shares for US$2,277.
The JSE US Denominated Equities Index gained 5.92 points to end at 228.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share lost 0.05 of a cent in closing at 7.94 US cents with investors transferring 263 shares, Margaritaville remained at 14 US cents in an exchange of just one stock unit, MPC Caribbean Clean Energy dropped 10 cents to close at 55 US cents after 731 units were traded. Proven Investments rallied 1.8 cents to 19.9 US cents after 24,457 stocks were traded, Sterling Investments gained 0.08 cents to end at 2.08 US cents in switching ownership of 5,000 stocks, Sygnus Real Estate Finance USD share rose 0.5 of a cent to 11 US cents with four shares crossing the exchange and Transjamaican Highway popped 0.08 of a cent in closing at 0.98 of one US cents with a transfer of 801,169 shares.
In the preference segment, JMMB Group 6% ended at US$1 while exchanging 2,971 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Lagoon townhouses Cayman
The Lagoon townhouse complex in the Cayman Islands, a joint venture development between Proven REIT Limited and Infinity Capital Partners, is slated for completion and delivery of units in early 2023, a spoke person for Infinity Capital Partners advised ICIsider.com.
The complex comprises 13 residential units comprising nine two-bedroom and four three bedrooms townhouses in Georgetown, the capital of the country are all sold.
The units were priced at CI$520,000 for the two-bedroom units and $675,000 for the three-bedroom units. That amounts to US$624,000 and US$810,000. Converted to Jamaica dollar, put prices at JS$960,000 and J$1.247 million. The unit sizes range up to around 1,600 square feet for the three-bedroom units and slightly less for the two-bedroom units.